Bitcoin (BTC) hit new April highs on April 2 as markets anticipated US “Liberation Day.” Data from Cointelegraph Markets Pro and TradingView showed BTC reaching local highs of $86,444 on Bitstamp, the best performance since March 28. Volatility persisted ahead of US President Donald Trump’s announcement of reciprocal trade tariffs, causing US stocks to trade slightly down while Bitcoin managed to recover lost ground. Popular trader Rekt Capital pointed out key moving averages, including the 200-day SMA, which could act as support. Despite bullish signals, trading firm QCP Capital remained cautious, expecting risk assets to remain under pressure post-tariff announcement. Previous tariff moves in Q1 led to downward BTC price reactions. Asset management firm Swissblock remained hopeful, suggesting Bitcoin may hold as a hedge against market pullbacks. They warned of a potential return to $76,000 multi-month lows in case of negative reactions. This article emphasizes that it does not offer investment advice, and readers should conduct their own research before making any financial decisions.